20 W Rising Sun Drive

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20 W Rising Sun Drive

Ocean View, NJ 08230
Asking Price
Contact for price
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Two-unit apartment building located in Ocean View New Jersey
  • Asset is situated at the address 20 W Rising Sun Drive
  • Property sits within the broader Cape May County market
  • Multifamily building suitable for residential investment or owner occupancy
  • Positioned near major regional transportation routes in coastal New Jersey

What's Special

This two-unit multifamily apartment building sits at 20 W Rising Sun Drive in Ocean View, New Jersey. The property provides a residential investment opportunity within a coastal community known for its steady demand and proximity to regional beaches. Ocean View serves as a quiet residential enclave within the broader Cape May County market, attracting both seasonal residents and year-round tenants drawn to the area’s relaxed atmosphere and access to major coastal routes. Its small-scale footprint makes it suitable for investors seeking a manageable asset in a stable submarket. Given the configuration, the units function well as long-term rentals or could serve a buyer interested in a primary residence with an attached income-producing suite. The location offers straightforward accessibility for local commuters and those seeking the lifestyle benefits of the Jersey Shore. This property represents a functional addition to a portfolio focused on smaller residential assets within reach of Atlantic City and surrounding hubs.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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